The first sale of shares in the Royal Bank of Scotland lost the government £1.9bn but was still value for money, according to the National Audit Office.
Government financial assets across banking, housing and student finance are placing an increasing risk to the public finances, the National Audit Office has warned.
George Osborne has extended a government scheme to sell shares in Lloyds Banking Group as part of moves to fully privatise the firm, which was bailed out during the financial crisis.
